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The Wealthy Save Billions in Taxes by Skirting Old Law

Paul Kiel and Jeff Ernsthausen ProPublica
Congress outlawed tax deductions on “wash sales” in 1921, but Goldman Sachs and others have helped billionaires like Steve Ballmer see huge tax savings by selling stocks for a loss and then replacing them with nearly identical investments.

Tidbits - Sept. 2, 2021 - Reader Comments: Texas Outlaws Women Rights; End of Afghan War; Remembering Ed Asner; Star Trek as Anti-Imperialism; Tax Billionaires; Nabisco Workers; Labor Day; Take Action - Hurricane Ida; 9/11 Restaurant Worker Reunion;

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Reader Comments: Texas Outlaws Women Rights; End of Afghan War; Remembering Ed Asner; Star Trek as Anti-Imperialism; Tax Billionaires; Nabisco Workers on Strike; Labor Day; Take Action - Hurricane Ida; 9/11 Restaurant Worker Reunion & Memorial; more
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